Molinaro: Rainy-day fund is priority

7:19 AM,
Oct. 5, 2012

Marc Molinaro

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To avoid increased borrowing costs for construction projects, Dutchess County Executive Marc Molinaro is looking for the cooperation of county lawmakers in replenishing a low rainy-day fund.

He issued a memo to the Legislature on Thursday promising his 2013 executive budget would not resort to "one-shot" solutions or "budget gimmicks," such as depleting the fund balance, to close a looming $40 million budget gap.

"Our fund balance is dangerously low," he said. "We believe there needs to be a replenishment." ...